Most listings are in the $10's per square foot per year. The Downtown Glendale region is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Glendale region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 34 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the Downtown Glendale are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,610 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1957 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Glendale folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Glendale.
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